Liberty Oilfield Services (NYSE:LBRT) had its target price boosted by investment analysts at Citigroup from $23.00 to $25.00 in a research note issued to investors on Friday. The brokerage currently has a “buy” rating on the stock. Citigroup’s price objective suggests a potential upside of 23.09% from the company’s current price.

Several other research analysts also recently commented on LBRT. Cowen reissued a “hold” rating and set a $20.00 price target on shares of Liberty Oilfield Services in a research note on Friday, April 13th. Tudor Pickering downgraded shares of Liberty Oilfield Services from a “buy” rating to a “hold” rating in a research note on Friday, June 8th. Zacks Investment Research raised shares of Liberty Oilfield Services from a “sell” rating to a “hold” rating in a research note on Wednesday, June 13th. Capital One Financial reissued an “overweight” rating on shares of Liberty Oilfield Services in a research note on Wednesday, July 25th. Finally, Morgan Stanley lifted their price target on shares of Liberty Oilfield Services from $25.00 to $27.00 and gave the stock an “overweight” rating in a research note on Monday, August 6th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and eight have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $28.75.

Shares of Liberty Oilfield Services traded up $0.89, hitting $20.31, during trading hours on Friday, Marketbeat.com reports. 727,950 shares of the company’s stock were exchanged, compared to its average volume of 612,201. Liberty Oilfield Services has a 12-month low of $16.00 and a 12-month high of $23.90. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.52 and a quick ratio of 1.67.

Liberty Oilfield Services (NYSE:LBRT) last posted its quarterly earnings results on Wednesday, August 1st. The company reported $0.71 EPS for the quarter, topping the consensus estimate of $0.58 by $0.13. The business had revenue of $628.08 million for the quarter, compared to analysts’ expectations of $543.64 million. analysts anticipate that Liberty Oilfield Services will post 2.43 earnings per share for the current year.

Hedge funds and other institutional investors have recently modified their holdings of the stock. American International Group Inc. purchased a new position in shares of Liberty Oilfield Services in the first quarter worth $160,000. Sei Investments Co. increased its stake in shares of Liberty Oilfield Services by 70.9% in the second quarter. Sei Investments Co. now owns 8,764 shares of the company’s stock worth $164,000 after buying an additional 3,637 shares during the period. Pendal Group Ltd purchased a new position in shares of Liberty Oilfield Services in the first quarter worth $167,000. The Manufacturers Life Insurance Company purchased a new position in shares of Liberty Oilfield Services in the first quarter worth $183,000. Finally, GSA Capital Partners LLP purchased a new position in shares of Liberty Oilfield Services in the first quarter worth $208,000.

Liberty Oilfield Services Company Profile

Liberty Oilfield Services Inc provides hydraulic fracturing services to onshore oil and natural gas exploration and production companies in North America. It provides its services primarily in the Permian Basin, the Eagle Ford Shale, the Denver-Julesburg Basin, the Williston Basin, and the Powder River Basin.

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Analyst Recommendations for Liberty Oilfield Services (NYSE:LBRT)

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